Steps Mode has always been the mode for those relatively new to preparing taxes or those who want to go through the return methodically. Now we consolidated steps so that it remains the easy mode it’s always been, but is faster than ever to prepare returns. Entries that would have taken several steps in last year’s software can now be done on a single page, as illustrated here:
We’ve gone through the various areas where credits and deductions can be optimized, such as RRSP deductions, pension splitting, medical expenses, etc. and made them more intelligent than ever! Claiming more RRSP deduction than you need to reduce your tax liability to zero can be disadvantageous. TaxTron will determine the optimum amount to claim so you can make the most of your contributions not just this year, but in future years as well.
In previous years, the software would roll forward information from a previous year’s return to a current year return, with varying results. Not all information that could be rolled forward was always being done. Those days are now over. We’ve taken the opportunity to go through every form in the software. If there is an amount on a form that can be rolled forward to a future year, we’ve made changes so that those amounts are properly handled. From T2125 Business Statements to RRSP limits to tuition amounts, you name it!